5527 W Potomac Avenue
Chicago, IL, 60651
$449,900
5 Beds
3 Baths
0 SqFt
0 Acres
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$449,900
5527 W Potomac Avenue
Chicago, IL, 60651
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Don’t miss this ideal investment opportunity-a professionally managed legal 2-flat withs g a garden-level in-law unit in Chicago’s growing Austin neighborhood. This classic brick building combines vintage charm with modern updates, making it a great fit for investors or owner-occupants alike. The property includes a 2-bed, 1-bath main-floor unit and a 3-bed, 1-bath upper unit with an enclosed porch that works perfectly as a den or third bedroom. The garden apartment is currently rented for $1,050/month to a dependable, long-term tenant. Combined with parking income ($130) One unit is currently vacant, and the second unit will be vacating at the end of the month-ideal for buyers looking to move in or set their own rents. Live in one unit, rent the others. Each unit features spacious layouts with hardwood floors, separate living and dining rooms, and eat-in kitchens. Extras include a fenced backyard, 2-car garage, recent interior updates (completed in early 2024), and low property taxes (no homeowner exemption currently applied). Located near major bus routes and expressways with a Walk Score of 78, this is a solid, flexible asset in a prime location. FHA buyers welcome. Schedule your showing today and make a smart move!

Property Details

Price:
$449,900
MLS #:
MRD12452123
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
Aug 21, 2025
Year Built:
1918
Chi – AustinChiaustinDisney Elementary School MagnetYoung Elementary SchoolProsser Career Academy Senior Hi

Schools

School District:
299
Elementary School:
Disney Elementary School Magnet
Middle School:
Young Elementary School
High School:
Prosser Career Academy Senior Hi

Interior

Heating
Natural Gas

Exterior

Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
No Garage, On Site, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Flat

Financial

Tax Year
2023
Taxes
$4,863
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 06, 2025
1,484
Multi Family Listed
80
Avg DOM
$500,903
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    5527 W Potomac Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60651. It is listed for $449,900 To schedule a showing of MLS#mrd12452123 at 5527 W Potomac Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5527 W Potomac Avenue
Chicago, IL